Crypto

Columbia Law Professor Labels Bitcoin as a “Crime Tool”

Scholars often do not take kindly to innovation, particularly in the financial sector. A recent “paper” by a Columbia Law professor only confirms this bias.

It is not the first time a university professor tries to bash Bitcoin.

Not Everyone Gets Bitcoin

Nor will it be the last time either.

A lot of people lack the necessary understanding to look at cryptocurrencies without bias.

As can be seen in this recent paper, it is evident that the bias is very strong.

Claiming how only criminals use Bitcoin is an opinion best left in the previous decade.

Several reports have come out to confirm criminal activity represents a small fraction of Bitcoin activity. 

Related Post

Why a law professor would put together such a biased document, is rather baffling.

Given the success of Bitcoin in recent years, one would expect a more neutral tone.

Unfortunately, there will always be those who oppose this concept simply because they can’t understand nor control it.

Even so, everyone is entitled to their own opinion regarding any topic.

Sharing those opinions with the public paves the path to enlightenment.

Bitcoin has proven to be very different from anything society has seen before.

It doesn’t have a steep learning curve but it does require entering with an open mind.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Ripple’s RLUSD Goes Live in Türkiye, Hits $1.7 Billion Market Cap

Ripple is not pausing for breath. The company has brought its dollar-pegged stablecoin, $RLUSD, to…

20 minutes ago

Bitwise Launches Its First Tokenized Fund With $259M in Assets and 4% Annual Yield

Bitwise Asset Management has just made its first move into tokenized funds, and it comes…

22 hours ago

Binance Launches US Stocks and ETFs Trading for Non-US Users With Zero Commission

Binance just made a move that blurs the line between crypto exchange and traditional brokerage…

23 hours ago

NEAR Protocol Ships Confidential Payments, Crosses $19B in Intents Volume, and Partners With Bermuda Government

NEAR Protocol has had a month that most blockchain projects would stretch across an entire…

2 days ago

Chainlink Records 7 New Integrations Across 6 Services and 4 Chains

Something is becoming increasingly clear about Chainlink, the integrations are not slowing down. The protocol…

2 days ago

Circle Freezes $12.6 Million in Zama’s Confidential USDC Contract on Ethereum

Blockchain investigator ZachXBT has flagged a major stablecoin freeze that is sending shockwaves through the…

3 days ago